(Near-)Zero Risks

The PGM raise mechanism is designed to reduce investment risk to a near-zero level. The Mathematical Solvency Proof formally proves that the redeem floor holds for all reachable states based on the assumption that the Uniswap V3 fork code of the DEX works as intended.

Risks Outside of What We Prove

Here a (not complete!) list of other risks that are more or less real threats:

• Crypto becomes illegal worldwide.
• The Uniswap V3 code "somehow" stops working.
• Economic risk: PGM price appreciation obviously cannot be guaranteed as it depends on user adoption.
• Economic risk: Some might argue that using USDT as counter-liquidity to PGM — rather than ETH, wBTC/gBTC, or PENGU — is a missed price appreciation opportunity vs. USDT.
• The USDT depegs or freezes and never recovers.
• The Abstract Chain implodes somehow.
• Aliens land on earth and attack humanity, and everything becomes worthless, besides food and shelter. ;-)

Most people in crypto should honestly consider the last risk the most likely one, given that 99% of participants in token raises and price discoveries routinely accept similar or far greater risks without blinking.

What Is NOT a Risk

To be clear about what the raising contract does protect against:

• Rug pull — impossible. No admin key, no withdraw function, no way to extract floor-backing USDT.
• Team dump — impossible. Zero team tokens. The team invests under the same conditions as everyone else.
• Floor price failure — proven by mathematical proof. R + K >= C holds for all reachable states.
• Bank run / mass redemption — handled by the proof. Even if every holder redeems simultaneously, the contract has enough backing (reserve + LP).
• MEV / sandwich attacks on redeem — redeem() uses a price limit. If the swap inside redeem is frontrun, it stops at the price limit and the reserve pays the rest. The investor always gets exactly $0.001 per PGM.